Tag Archives: romney

The Economic Consequences of Mr. Obama

By  Fadhel Kaboub

When British economist and public intellectual John Maynard Keynes wrote his famous essay entitled “The Economic Consequences of Mr. Churchill” in 1925, the British economy was still suffering the consequences of WWI, and was slowly sliding into the worst economic depression in world history. Today, as the Great Recession continues to devastate millions of people’s lives in the United States, Americans will decide in a matter of days whether they want Mr. Obama to continue on as President for another four-year term, or elect Governor Romney to replace him in the White House. As an economist who is committed to social justice, I would like to offer a brief assessment of President Obama’s economic policies during his first term, and speculate on the likely direction that the U.S. will take under a second term Obama administration versus a possible Romney White House.

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Emergency Room Free for All: Why America’s Emergency Rooms Are Not the Key to Improved Health Care Access or Lowered Cost

By June Carbone

Mitt Romney has been going around telling newspaper editorial boards that the Affordable Care Act is redundant, that – to quote him in the Central Ohio Dispatch – “you go to the hospital, you get treated, you get care; and it’s paid for, either by charity, the government or by the hospital.”   (10/11/12 Ohio Dispatch)  Over the last few days, Paul Krugman and Nick Kristof have pointed out that limiting health care to emergency room visits already means that people die unnecessarily.   It’s just that when they are not the Harvard roommates of New York Times columnists no one except their families notices. Continue reading

Ryan and Romney’s Secret Plan to Cut the Deficit – and why Romney opposes it

By William K. Black
(Cross posted at Benzinga.com)

My favorite scene from  The West Wing is the episode in which the President’s press secretary is recovering from a root canal and Josh Lyman decides to handle a press briefing.  Lyman is a young whiz kid who believes he is the smartest guy in the room, but the briefing goes disastrously.  Lyman has to explain to the President that he has, sarcastically, told the press that the President has “a secret plan to fight inflation.”  The press, fed up with Lyman’s arrogance, has decided to report Lyman’s statement about the secret plan without noting the sarcasm.  Worse is still to come, for upon questioning Lyman about the incident, the President asks in exasperation:  “Are you telling me that not only did you invent a secret plan to fight inflation but now you don’t support it?” Continue reading

Romney is shocked to learn how the Fed creates money

By William K. Black

The following passage from the transcript of Governor Romney’s secretly videotaped May 17, 2012 fundraiser has not received any attention in the media.  It is a fascinating passage, however, from the perspective of Modern Monetary Theory (MMT).  Here is the full context of the passage:

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